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Mesirow Financial Advises Perpetual Recycling Solutions on Sale to DAK Americas
Friday 08 February 2019

8 February 2019 - US-based investment, risk management and advisory services firm Mesirow Financial acted as the exclusive financial advisor to US-based plastic recycler Perpetual Recycling Solutions, LLC on its sale to Mexican petrochemical company Alpek's US-based DAK Americas subsidiary, the firm said.

Headquartered in Richmond, Indiana, Perpetual is a post-consumer plastic recycler and producer of rPET flake.

The company's rPET flake can be used in a range of applications including food, foodservice and drink containers, industrial strapping and fiber for carpet and clothing, among others.

Perpetual's PET recycling operations have an approximate annual capacity of 100 m lbs/yr (~45,000 tons/yr) of high-quality Recycled Polyethylene Terephthalate flake.

DAK Americas, headquartered in Charlotte, NC, is wholly owned by Alpek, S.A.B. de C.V. of Monterrey, Mexico. DAK is comprised of five business units: Polyethylene Terephthalate Resins, Polyesters Staple Fibers, Monomers/ingredients (TPA/PTA), Specialty Polymers and Green Polyester.

DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibres in the Americas.

Alpek is a petrochemical company.

Mesirow Financial is an independent, employee-owned firm founded in 1937. It is a specialist in investment, risk management and advisory services.
Details
Date Published: 08/02/2019
Target: Perpetual Recycling Solutions
Country: USA
Sector: Waste Management/Environment
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: DAK Americas/Alpek
Comment:
Terms of the deal were not disclosed

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